6 Answers

Hi, appreciate your sharing. Able to check with mcst whether do they have any PE to check on structure before proceeding.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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My Answer with regards to your Question:

Buying a condominium where the current owner has made unauthorized modifications, such as a loft platform extension, can potentially pose several issues during the sales process. Here's what you should consider:

Legal Compliance: The loft platform extension done without official approval from the Building and Construction Authority (BCA) or Urban Redevelopment Authority (URA) may be considered illegal. As a buyer, you'll want to ensure that the property complies with all relevant building codes and regulations to avoid future legal complications.

Structural Integrity: Unauthorized modifications may not have been built to the same standards as approved construction projects. It's essential to assess the structural integrity of the loft platform extension to ensure it is safe and compliant with building regulations.

Property Valuation: The unauthorized modification could impact the valuation of the property. Lenders and appraisers may consider the unapproved alteration when determining the property's value, potentially affecting your financing options and the amount you're willing to pay for the property.

Future Liabilities: As the new owner, you could inherit any liabilities associated with the unauthorized modification. This may include enforcement actions from authorities, fines, or the requirement to remove or rectify the alteration to comply with regulations.

Negotiations: During the sales process, you may negotiate with the seller regarding the unauthorized modification. This could involve requesting the seller to rectify the alteration before the sale or adjusting the sale price to account for potential costs associated with addressing the issue.

Due Diligence: Conduct thorough due diligence before finalizing the purchase. This may involve obtaining legal advice, conducting building inspections, and checking with relevant authorities to determine the legality and implications of the unauthorized modification.

It's crucial to approach the situation carefully and seek professional advice to understand your rights and responsibilities as a prospective buyer. Consider consulting with a real estate lawyer or property inspector to assess the situation and make an informed decision.

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Tan Pei Cheng (Pei)
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More
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